Front Section

Lancewood Capital provides $21.5 million condo inventory loan for 1295 Madison Ave.

Manhattan, NY Lancewood Capital provided a $21.5 million condo inventory loan to finance a newly-developed condo building located at 1295 Madison Ave. in the Carnegie Hill neighborhood.

Highcap Group and Meridian Capital sell
40,000 s/f for $22 million

Manhattan, NY The original Barney’s flagship location at 115 7th Ave., has been sold, from the lender Argentic Management who took over the property after foreclosure to an undisclosed group of investors for $22 million in a closing

Sabal, Bsafal and Argo R.E. form joint venture to provide $64.5 million loan to refinance LaGuardia Plaza Hotel

Queens, NY Sabal Investment Holdings (Sabal), Bsafal Inc. (Bsafal), and Argo Real Estate (Argo), formed a joint venture partnership to provide a $64.5 million fully-funded loan to finance the conversion of the LaGuardia Plaza Hotel

Progress Capital arranges $19.7 million construction loan for self-storage facility

Rockaway, NY Kathy Anderson and Caillin Boles of Progress Capital secured a $19.725 million construction loan for the development of a self-storage facility on Rockaway Beach Blvd., owned by Dino Tomassetti, Jr. of Asset Realty & Construction Group.

Colliers arranges $38 million sale of
13,580 s/f 560 Fifth Ave.

Manhattan, NY Colliers has arranged the $38 million sale of 560 Fifth Ave. At nearly $2,800 per s/f, this sale represents the highest post-pandemic price per s/f for a full building on Fifth Ave. This is the the first time the property has sold in over 50 years

Fisher Brothers and J.P. Morgan Global Alternatives lease
765,000 s/f to Paul, Weiss at 1345 Avenue of Americas

Manhattan, NY According to Fisher Brothers and J.P. Morgan Global Alternatives, Paul, Weiss, Rifkind, Wharton & Garrison LLP has signed a 20-year, 765,000 s/f lease at 1345 Avenue of the

Houlihan Lawrence Commercial sells two warehouses - $18.5 million

Brewster, NY Houlihan Lawrence Commercial brokered the sale of 18-19 Fields Ln. This exclusive listing was represented by John Ravetto.

Eastern Union secures loans from 126 lenders in 2023

Manhattan, NY Eastern Union placed and closed loans with 126 lenders in 2023. Additionally, reflecting the company’s geographic reach, Eastern Union closed transactions in

Keep McGuinness running or keep McGuinness safe? How about both? - by Magal Gabay

As a resident of McGuinness Blvd. and being a new father, I get to walk around the neighborhood quite often. During the past few months, anyone who walks in Greenpoint couldn’t miss the signs supporting and opposing the new plan to redesign McGuinness Blvd.

Finkler joins Besen Partners as senior director

Manhattan, NY Samuel Finkler, formerly a senior vice president of TrueRate investment sales, has joined Besen Partners as a senior director, national investment sales. Finkler has sold over 50